Posted in case the Administration “disappears” the draft:
LINK
Here is Figure 1.1 from the document.
See NYT.
For a previous suppression effort (G.W. Bush Administration), see this post.
Today, we present a guest post written by Jeffrey Frankel, Harpel Professor at Harvard’s Kennedy School of Government, and formerly a member of the White House Council of Economic Advisers. A shorter version appeared on June 22nd in Project Syndicate.
As noted in the NYT, the President cited this NERA study, commissioned by the American Council for Capital Formation, and the U.S. Chamber of Commerce. Why didn’t the President rely upon his own experts within the White House?
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As the Administration contemplates deep cuts to scientific data acquisition, and deleting or restricting public access data sets, I thought it useful to post the global temperature anomaly data, accessible as of today, before it disappears.
In my post on modeling the Kansas economy, Rick Stryker takes me to task for modeling the Palmer Drought Severity Index (PDSI) for Kansas as an I(1) process:
I wouldn’t bother with the ADF test, since its null is non-stationarity and it has low power to reject. I would focus on the KPSS, since its null of stationarity is almost certainly what’s really true.
Source: NOAA
The highest point estimate for the anomaly is for 2016. For 2014, the 95% interval is ±0.09°C [1]. If that is ballpark for the 9 months estimate, then one can’t say that 2016 is hotter than 2015 (with statistical significance at the 5% msl), but can say it is hotter than 1998, a year often focused on by the “hiatus”-ers.
Update, 5:08PM Pacific: Here is a trailing 60 month moving average, ending observation for September 2016.
Source: NOAA
Complete quote: “Obama’s talking about all of this with the global warming and … a lot of it’s a hoax. It’s a hoax. I mean, it’s a money-making industry, OK? It’s a hoax, a lot of it.” — Donald J. Trump, 30 December 2015.
Industrial production is down. Wisconsin nonfarm payroll employment is down. Global Temperatures hit records in 2014, 2015.
Today we are fortunate to have a guest contribution written by Jeffrey Frankel, Harpel Professor of Capital Formation and Growth at Harvard University, and former Member of the Council of Economic Advisers, 1997-99. An earlier version was published by Project Syndicate.
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Why one shouldn’t obsess on just one data set. Read on only if you don’t believe in a conspiracy so vast…